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ProShares Short 20+ Year Treasury ETF
TBF

70 hedge funds and large institutions have $125M invested in ProShares Short 20+ Year Treasury ETF in 2016 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 29 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

2.22% less ownership

Funds ownership: 23.67% → 21.45% (-2.2%)

8% less funds holding

Funds holding: 76 → 70 (-6)

34% less capital invested

Capital invested by funds: $190M → $125M (-$65.3M)

38% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 16

47% less call options, than puts

Call options by funds: $1.28M | Put options by funds: $2.41M

66% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 29

Holders
70
Holders Change
-6
Holders Change %
-7.89%
% of All Funds
1.87%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.03%
New
10
Increased
10
Reduced
29
Closed
16
Calls
$1.28M
Puts
$2.41M
Net Calls
-$1.13M
Net Calls Change
-$143K

Top Buyers

Rank Fund Capital Flow
1
VF
Virtu Financial
New York
+$6.58M
2
Baird Financial Group
Baird Financial Group
Wisconsin
+$5.53M
3
BPCM
Beach Point Capital Management
California
+$3.02M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$1.14M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$1.04M

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$20.1M
2
Envestnet Asset Management
Envestnet Asset Management
Illinois
-$12.7M
3
Wells Fargo
Wells Fargo
California
-$12.2M
4
JG
Jefferies Group
New York
-$5.7M
5
LPL Financial
LPL Financial
California
-$3.25M
Name Holding Trade Value Shares
Change 		Change in
Stake
KKRC
26
Kohlberg Kravis Roberts & Co
New York
$793K – – –
TFCP
27
Twin Focus Capital Partners
Massachusetts
$661K +$677K +29,200 New
DS
28
DRW Securities
Illinois
$613K – – –
AF
29
Aldebaran Financial
$532K -$304K -13,100 -36%
Susquehanna International Group
30
Susquehanna International Group
Pennsylvania
$450K -$7.65K -330 -2%
First Trust Advisors
31
First Trust Advisors
Illinois
$370K -$25.6K -1,105 -6%
ACM
32
Argentus Capital Management
Texas
$335K -$1.64M -70,725 -84%
DDPIC
33
Deroy & Devereaux Private Investment Counsel
Michigan
$279K – – –
ACM
34
Aviance Capital Management
Florida
$279K +$88.3K +3,808 +45%
ICAS
35
Investors Capital Advisory Services
Massachusetts
$261K -$13.2K -570 -5%
BBPWM
36
Blue Bell Private Wealth Management
Pennsylvania
$261K -$11.6K -500 -4%
AIM
37
Astor Investment Management
Illinois
$258K +$32.5K +1,400 +14%
MCI
38
McDonald Capital Investors
California
$238K – – –
CL
39
Choreo LLC
Illinois
$233K +$239K +10,305 New
HCM
40
Horrell Capital Management
Arkansas
$227K – – –
EP
41
Elkhorn Partners
Nebraska
$220K -$25.5K -1,100 -10%
US Bancorp
42
US Bancorp
Minnesota
$195K +$121K +5,236 +155%
ASN
43
Advisory Services Network
Georgia
$187K +$191K +8,240 New
CI
44
Clal Insurance
Israel
$164K -$93.3K -4,023 -36%
Barclays
45
Barclays
United Kingdom
$154K -$14K -604 -8%
RCM
46
Robinson Capital Management
Michigan
$141K – – –
EDRE
47
Edmond de Rothschild (Europe)
Luxembourg
$136K – – –
Citigroup
48
Citigroup
New York
$94K +$48.9K +2,110 +102%
CAPTRUST Financial Advisors
49
CAPTRUST Financial Advisors
North Carolina
$91K – – –
Bank of America
50
Bank of America
North Carolina
$71K -$487K -21,010 -87%
1
2
3 4

TBF Hedge Fund Activity: Q1 2016 in Review

70 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in ProShares Short 20+ Year Treasury ETF (TBF) for Q1 2016, worth a combined $125M — down 34% from $190M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of TBF and 10 opened new positions — a net loss of 6 holders — while 29 trimmed existing stakes and 10 added.

The largest buyer was Virtu Financial, opening a new position worth an estimated $6.58M. The largest seller was Morgan Stanley, cutting an estimated $20.1M.

  • 70 institutional investors held ProShares Short 20+ Year Treasury ETF (TBF) as of Q1 2016, down from 76 in Q4 2015.
  • Funds reported $125M of ProShares Short 20+ Year Treasury ETF stock for Q1 2016, down 34% quarter-over-quarter.
  • 10 funds opened new ProShares Short 20+ Year Treasury ETF positions in Q1 2016 and 16 closed out, a net change of -6 holders.
  • The largest ProShares Short 20+ Year Treasury ETF buyer in Q1 2016 was Virtu Financial, an estimated $6.58M added.
  • The largest ProShares Short 20+ Year Treasury ETF seller in Q1 2016 was Morgan Stanley, an estimated $20.1M sold.

Based on aggregated 13F filings for Q1 2016.